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i <br />«1 Initial Draft I2-94I2 <br />»2 Robed Draft l•2^^>^ <br />«3 Robed Draft 4-16-03 <br />#4 Revbed Draft 4-2I/S-6-03 <br />as Robed Draft 5-9-03 (SUBJECT TO COMPLETION AND REVISION) <br />A <br />CITY OF ORONO <br />HENNEPIN COUNTY, MINESOTA <br />PLANNED UNIT DEVELOPMENT NO. 4 AGREEMENT <br />“2550" WAYZATA BOULEVARD <br />DEVELOPER: DAHLSTROM DFATILOPMENT CORPORATION LLC <br />NAME OF DEVELOPMENT: STONEBAY <br />THIS AGREEMENT, made and entered into this day of 2003, by <br />and between the City of Orono, a municipal corporation organized and existing under the laws of <br />the State of Minnesota (hereinafter called "City”), and Dahlstrom Development Corporation LLC, <br />a Minnesota Corporation, its heirs, successors and assigns (hereinafter called "Developer”). <br />WITNESSETH: <br />WHEREAS, the Developer has made application to the City Council for approval of a <br />Planned Unit Development (PUD) rezoning and formal plat application for property located at <br />“2550" Wayzata Boulevard, such development to include the following elements: <br />1.Rezoning of the portion of the Property north of Kelley Parkway from RR-1B Single Family <br />Rural Residential District to RPUD Residential Planned Unit Development District for <br />construction of 162 residential multi-family dwelling units on a portion of the site comprising <br />{^jproximately 41 acres, such development to be known as “STONEBAY”. <br />2.Creation of two commercial outlets south of Kelley Parkway to be rezoned and developed <br />at a later date. <br />3.As part of the residential development, construction of Kelley Parkway as a public street, as <br />well as construction of municipal sewer, water, and storm sewer systems to serve the <br />proposed development; and <br />WHEREAS, on January 27, 2003 the City Council granted General Development Plan <br />Approval for the proposed development subject to conditions per Resolution No. 4915, on the <br />condition that the Developer enter into this agreement to provide for conformance with the City’s <br />Planned Unit Development (PUD) ordinances, and to provide for the installation of and establish <br />responsibilities for maintenance of improvements associated with the development. <br />Page 1 of20 <br />Developer Initial <br />City Clerk Initial^ <br />i <br />; <br />4 <br />i <br />I i <br />—----- -d